Supreme Court mandates 4-year car and 6-year two-wheeler third-party insurance
The Supreme Court has ordered longer mandatory third-party insurance cover for new vehicles, requiring four years for cars and six years for two-wheelers. The change raises upfront, bundled insurance costs and compliance requirements across India’s auto retail ecosystem.
The Supreme Court ordered mandatory third-party insurance of four years for new cars and six years for new two-wheelers, directing IRDAI to issue instructions. The ruling raises compliance requirements and embedded insurance costs for India’s vehicle retail ecosystem.
Why this matters
The ruling extends the Court's recent focus on mandated third-party cover, following signals on four-year cover for new cars and six-year cover for new two-wheelers.
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